Chaiity ryi8lTation nurnber 1192492 ST MARYLEBONEALMSHOUSES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ST MARYLEBONE ALMSHOUSES LEGAL AND ADMINISTRATNE INFORMATION Trustee¥ A(knh SA Salter Re. Dr. A K BgqUL$t P Butrh)ff D C Gokjwaier Revrd. Fr. K G Jcwdan DT. E Keth GL N sI1r TArtsj Acttno chalr AGh TaSurer S A Samer Charity numb 1142 Place of busln8ss I St Johrfs IWxKJ Tea London Prineipl offic• FLqt 18 StJohn's IAixd Terr LoTrJc Auditor 1st Fbor Gal Court 28 AscdiaAven London N3 2FG Soli¢itor8 stctr lQ"ro LLP Boundary House 91 Chartethouse Street London ECIPA 6UR
ST MARYLEBONE ALMSHOUSES CONTENTS Pa9e TTu5tees' repLKt lThYependent auditors rer ststemgntoffinaThial actvitss Bance sheet Notes lo financial stalements 10-18
ST MARYLEBONE ALMSHOUSES TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEIABER 2023 The finalal ststem8nts ha¥8 been prepared irl 8rrndan th8 acr£4Jntirg policaes set out in Th)te 1 to the financial $tstements and wnpjy with Ihe rawÉVs govellung drAxJmenL the Chanlies Acl 2011 and 'Ao>)unting and Reporting by Chante$.' statennt of Reca)mmended Pcti¢ b) raritres preparwjg trer accounts in aCCoryJan wrth the Financial Reporb"rg StaThJariJ in UK RepUC of Ireland IFRS 102y' (effective 1 January 20191. ObJe¢tlve$ and acllvltles November 2020 under charity numlw. 11924Y2. The assets and 1&a"1[be$ of St AlmshcAJses, rgji8tej tanty nwniw 216143 (the unincotporated chatty) were ITansfeFyj lo the CIO on 1st May 2022. L¥)1rKorp(¥aJ thaFty vrill LE rwnoved frorn the register of tharitie5 a5 a5 all administrth matters ha been ccmpkted. The otriects ofthe Charity are." . the relpfof rEed by Ihe provBw of irKIM(fiJal a Ixrnty tr 8ereficiaiies', and . to rdEve the ne ofttE Jents by WDvwJry faJaI or (tht 5UPWt any otsi rnanner 85 the Chanty BeneficiaeS means pe[5 who h8¥e rea(11 rets"rirwJ age as dete¥MIn by CharFty Tr$ arKY cannot otherwise afford to Itve Cty of St[ner aEKI vhMI lor Èn th8 ofa kts7dcA Pers7, wthose deceased to be a Trustee 5P)tse QT wartnerl have iiv&l or ¢arwl on tntsiress or eTr ernpbyed in Cty of I51M1nSter for FK)t les5 than ten Yea or wlx), whde not exadty with the tDregoing 1MltiOr. in the opinion of the Charity Twstees, have sufficient nE1 wjlh Cty OF I$1[ at¥J are fil and PTop8f PErsons in sufficient At 31st December 2023. there VEre 1612021.191 respjents of theA]mslKAJS8S rAus resiLnl rnanager, and there wère four fi31s. Publ The Trustees 11)at they tsve ccrfnpw wth rw4u1retts of section 4 of the ChariDes Act 2011 10 havg due regard to the pUC tenefft glJare 41thA by Ihe Chwty C(¥Thni5SiCffi tDr EI¥j aThl Voknnteèrs prowcje troughtful arKt F4)ful swport to tre resi¢Y&ts. She teen a SW[ of great strerw partiajlarty In tsckling pn>blems that have ansen frcdn tirne to b"me. In aLEe¥xe. she w85 * sut6tKW by Miss Beth"na Graham and volunteer manager Mrs jul Geopje. The Board is most gTatefvl to ts Clerk. Mr5 AW Griffits lyAh seTvices 5hE wr resKJents an¢J frjr the smotsth running of OWfinan aThY administrabon.
ST MARYLEBONE ALMSHOUSES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Financial review In the year to 31 December 21r23 there tKas a sthPl8 of inccdre of£51,883 {2022".Deficil £60.6981. The chanty also made a profft on investsn&ts of £17.2C12022:Deficit £84.3111 u[b.9 in an overall sutplu5 fof the pericxl of £69.08912022.. D8fKxt £145.C#J91. The assets of the Ch8nty as a 31 Decernter 2023 Te £3.370.248 12(122". £3,301,159). Tr Trustees relaW riodscally the level ol reserve8 9ivirvJ ward to requirements of futtsre 81¥S f8fiJrtJishrnent forwhich no further govemrnenl sK)rt lthety Iv LE aVaiLab. In parbfAJlar the Tw5eS awp mithl of the age of the lIlTg and the substantial CA)sts that will be IncUff %then Ihe buikliryJ needs to be Urad trj ¢cnpty future legislation. The osetall ¥1[ Jth tlot TnLes thatllw vnll i ab to omb.nue to maintain the bU1[¥j to a hb staJard. The Trustees also assess th8 major n5ks to whKh the Ctrity is exFKEe(I, in parbr¥lar to those related to the operats.on and succw ofthe hoUSe$. Tr 5811sfi1 Ihat sy3ths are in pt to mthgate exposure to th9rn. Reserwes It is tha policy of drity that uN8Str fmjs not desrJt¥ted for a 5peufic e should maintained at a bvel equNalent to bets4Een Ihre8 and six muth's exprture. The bijstees oy)SKler that Yeserwes at this level will ensure th, ttE event of a drop furKting. Ilw wll be able to c0[rtUe the charity, urrenr activ"e$ vlhile ¢ongderaty"on is given to ways in whKkn èthjthonal fund¥ may be raL%ed. This level ol reserves has been mainlained thTough(¥Jt#E year. StructUTe. governance and managemert The trustees ser%d the yeaF and the dats of sb3nabJre ofthe ffitr•Kxal 5tatw1welP." AGho$h S A Salter Revd. Dr. A K Beoqust Councillor R E Bush M P Butchoff DVHEyre D A C FTeeland l B GlrJ( KC D C Go1th4ater Revrd. Fr. K G Jothn Dr. E Keitn G Lewis Counallor R Oteh Osoka P A Sharp N Sindair T Awarburg Jmzthha Iceawj lo te a TnJslee 8 March 20231 IRes¥3Ed 31 Marth 2(Y241 IRestyJn&J 28August 2023} {Rer November2023} {Aryy"ntrwJ 30 N05Emr 20231 (A[vm"n 30 N(nt2023) (A4w1n IOAw"120241 (Ceased to a Trustee 8 Marth 20231 {Cea5ed to te a TnJ5tee 25 Juty 20241 21 AuJu5t2023) J M Zeh8 was thair EW)1 21stAugust 223, ap)lted • ¢thair. The nominatKffi5 re tenninated foT CnCilN5 R E Bh arKJ R 01th 05¢a bythe resdution of IAÈ51minsteT crty Counul on 8th Marc 223. Recruitment and appwtrnert (*lru5tee5 Twstees are aFPOtntsd to rneetthe deFth of e¥er Uire to govem the tharity.
ST MARYLEBONE ALMSHOUSES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 21Y23 Pay8 of credrt(¥s The company's curnt poly o)ncemirg the paynprt of trade {Thlit$ is to folk>v the CBfs Prompt Payers Coje Icoixes are 8vallab from the CBI. Certre PoirsL 103 Oxfowd Streel LcOn IlA 1DUI. ensure that surplErs a m 8¥rarp of Ihe terms of payrnent by uxjusion of Ihe relèvant twmy in o)ntra and Trade ¢reditors Of ¢(Mnpany at the yew were 1¥at to dals wrrkn. based on the average daity amount Invol by suA)liers dtsriTrJ the year. Orwisatsonalstwctu The Charity is direded by a Board ofT Ihat has contrd o¥er its funds and affairs. It Cnsits of a max1mum of 15 members seven constrtulirwJ a wowrn. Thè Boarrl wmally meets six times iyt eath 12-month pwiod and, in addition. otherad hoB (xxrKnthes Gr&al 85 requ¥. 1. Ex orrno MterS who are.. lil ts incumiEnt ofthe lasl¥l parth Ni wljth iheAknJw a situated." lill the parish lest01the cath Clwrth ofour Lth rfStJotrm'slAtoJ'. li1} the Rabbi ofthe St John's LibeTrl Syna1 or I n(xnirws.' 2. Amaxirnum of 3 pers ¥Inated by City (¥ee below} aw¥J 3.Nine pErsons appointgj by Board d TnBtee5 All nominated ar app(%rTW r[ hokl offi JEats ar¥J ale el temis, Save in 8xceptional circumslan(Es. On 8th Marth 2023. Vltsbninster Cty CwrKil no lo rKfflinate memtws antt therg have teen no Nominated TrLBtees wnce th d3te. The Bowd h2s resDW to the constitin 3CtX>rcliNJty The Board of Trustees has the pow to bOrrr or r8i5e for Ihe PUWFQ5es of the Charity in any manner thinks fit and rnay sevjre the pgyrnent ofthat by a dwrge tyairtst ¥ part ty all ofthe wcpwty or asse8 ofthe Charity. The Chanty has no b)Thvw4ngs.
ST MARYLEBONE ALMSHOUSES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 The trustees are fesponsbk for pr8pariTrJ lh8 TFustees' Rewrt aThY the financial statements in aCran th applic2ble law and United Wthjm AccountirrtJ Starths ngdorn Generalty Accqed Actounbng Pracl'cel. Thè law applicable to charitEs in Eroland aral requir8s the trustees to prepare financial statements for each financial year which give a twe and f8ir view of the slaiE of allairs of the charity and ot the In(xxning resourr£5 and 8pplscab.on of rgsourtss crfthe thaiity for In praparirKJ these finanaal statements, ts IJlee5 to.. . obserye the meth(%ts and prin¢¥Aes in th& Charthes SORP: and 8xplain8d in the fincial 51atements." and w11 ujnb.nue in opefa'on. Thè trustees are reSpOrtsib for keepiry suttKierrt aux)fftbYYJ fett)nJs th wih reasonable a1racY at any time the finanual position of caEity aThl en th8ffl *0 that the fifSa¥Kial staternents comply wrth the ChaFtiie5 Act 2011, the Cttsnty (A(xnIS and Rewxlsl Rèju5 2(Th 8Th1 Ihe provts#Yts of the trust deed. They are also resW)nsL) fot safeguardirvJ the assets of ¢h•ity aThY hen for laking wE350rb slep5 lor th8 prevenb.on aThJ ¢Jetecb"on of fra1 and irregularrtBS. A Ghosh Tru$t¢• 15 OCtor 2024
ST MARYLEBONE ALMSHOUSES INDEPENDENT AUDrroRE REPORT TO THE TRUSTEES OF ST MARYLEBONE ALMSHOUSES Opinion We have audited the finanaal statements of Sl Maryl Aknsh¢xJw (the 'tharrty'l for the year ended 31 DeEnber 2023 which comprise Ihe statt of financial 8(vilies, bal sheet and notes to Ihe finanaal statements. induding Su1)t attx)unb"Nd rjaI r"ThJ fraMth that has been applied in their preparation is app1Kat Untted Ac(xyJnb"T¥J StaT¥Jards, incJding Financ4al Reporting Standard 102 The FITranal ReportEng Starth lh8 UK anLI of lrn18rRI IUnrt8d ngdoM GerErally A¢pted Accountrng Practi}. In our opinion, the fioaFKial statwTrents". give a 8EMJ fair vi8w of stste of (o1itys as * 31 tbzmLw 2023 and of Fis incoming re5our( aThJ 3pplicAb"c¥) of resources, for trE year Ihen eft{; and have teen prepa1 in actoffjarte wilh Of Charities Ad 2011. Basi$ ftir opinion We Gonducied a11 I acc1Jd wth Inter1 StarAYard5 AthYifvJ IUIQ (ISAS IUIQ) aThJ applble law. Our re5ponsibilrfj.es un(r those andanls are fijrther s(xthd in Audkorfs $0"bIl.èS for th$ audit Ihè financial statements sec"oD of ouf re(L IAÈ IrKIepw of in aOan with the ethical requiTements that are re(evant to our alt of finaal slatements in UK indudiryj the FRC s Ethical standard. and we have fvlfilted our other elhal T8$Fn$"11es in aC¢Nd> with these T8quirements. bdieve that thè audit 8vid8nc8 we have obt8iwI SAtsnt 3tLd 4)pwiatÈ tts WOVKle a b85is foi ¢XJT Otynion. ConclLL8lons talating to gokng concern In auditing the fiar81 Stslerrts. we haNE ¢j)ndudj that the trustees. of th8 goir¥J rnn(xm basis of 8tounttffj in the parat ol the financial State1 15 akwropriats. Based on the work we have 0¥[Td. lthe not any maierial LltKWtrit to events or condthons that, iTrJividualty or LY)118ctivoty, may cast sgnffjK2nt d(xJbt rffi tr ¢wrty's abilty to continuè as a going relevant secbons of Ihis feFKKL Other informatson our 4uditoVs thwEon. Tr trustees are fesp)nsible Ihe other infomTratiM (Y)ntsIn within the annual report. Our opirsM)n on the frnancaal statemwts not (Therthe oUr infDTmab"on and we do not express any form of assurani? CorlUsion Ihereon. Our re¥KJnsibilty 15 to Te1 the other infr)rrnion and, in doing so, o)nsider whether the othef infotrnali is Enalettalty inleft1 wdh Ihe financkgi slatgnent5 Of knowltyjge i)btairbed in the Course of the or othwe apr5 to LE materialty fflI5stat. If we ¥Jentify Skxt matertal inconsistencies 01 3ppaient Thaterial rni5slatanents. ve a requtred to detemiine vknelke¥ this gIS rise to a malerial misstatement In the finatmial statements themselves. If. bas&1 the work have tvformaa, we cond¢JJe that there is a rnateflal mssststemenl ofthi5 ott inf<matMm. are rquir•J to rewt that ha nothiThJ to r8PNt in thi5 ward. matte on whi¢h we ar¢ rEqutred to report by excwlon We have nothing to report in respect of th8 foNry Tnatt&S in EElaiTh to Chattti IAca)unts and Report51 RegulaD"orts 28 require us to rep)rt to you if. in ouroy"nion'. rerK)rtr. or suffiaent actounb.ng rerwd5 rK)t kept or the finanaal Statements a in let*th •Thirdry or
ST MARYLEBONE ALMSHOUSES INDEPENDENT AUDrroR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST MARYLEBONE ALMSHOUSES Responsibblities of In As explained more fijlty in the Slat of trustees. resn.1ftles. truslees are responsfole for Ihe preparation of th& finanL?al statwnen15 and for bejng $atrs that Ihey gNe a aTrJ fair view. and for suth intemal control as the trustee5 detemiine is Ae(tssary to enabl8 w8P8ration of finan statemenls Jhat ar8 IrBe frotn matsrial misststernen( whether d to fjaurl rx err(¥. In Prepari finaal stalents. th¢ trLkslees aTe responsible for assessig charrty's abilTty to continue as a going iyjncem. di5dosry. a5 appli(xble. matteF5 related to gn9 con atvj using the going bas of accounb"r#J trust efov InteTrJ to ase operations, or ave no realistic aliemalive trArt lo do x. Audltorfs ro¥ponsibilrlies forthe audit of th• flnanclal statements We have been appoint8d as audrtor uThJer sec 144 of Chwrbes Art 2011 WKI rwt n w1rdan the Act and relevant ulab.1s maye or hawro effect Ihereurmler. materi21 m5SStatennt whettr due to fr8LNJ 01 enor: i¥we aEL EeEKrt lh indudes our opinion. Reasonable as5ura¥Th ts a hh Ve$ of a$swan is not a guarantee thal an audit condurted in accordan wth ISAS IUKI VAII ahvays detect a material rni5Statnent when it extsts. Missl2Èemens can arisè from fraud or 8rror and are considered rllateri tr, irKbvKJually or in the aggrwJate, Ihey wJkJ [BasolY be exFCted to in)lugnce the econcxnic dectsions of usetS taken on the b&%is ofthese final ststanents. A fvrther d8scnpbon of our resnlItieS ks avaibbk rm ts Financaal Reporbng Cou#1.$ I1te at.. https.'Il www.frc.org.ukjatxjilor5resprI4Iis. Thi5 ¢sryb"(m fomis part otour auditof$ repxL Other matters and Repwbng by Charibes". Ststement of Rewr¥nerKJEd Pta¢iice appbtth io IwtbE5 weparing their a(Kwnts in accordan vrith the Fin8ncL4 R8porbENJ Staftdard appl sn the UK and Republic of Ireland IFRS 1021" lag amended) in preference to theAC¢Xntr.rJ Rerr1¥n9 by Chaiities". Staternt ol Re(xffimeTrJed Practice iSSLEd on 1 April 2(K)5 which i5 referred to in the exfant regulalions but t*s rM)w been wlt¥JTawn. This has been i10r in ordèr for the financlal slateM to proyrfje a and fair view In aC[da with rrent Generally Accept&J Accounttro Pra(JJce. Use of OUT report Thi5 report is tnade sokty to chanty's trustees, as a iKNty. 4¢)>)rdar with part 4 of the Chartbes (Accounts and Reports) Regulab"on5 2(MJ8. Our aLKIit w)rk has been urMlertaÉen so that we mvjht 51ate to tharity's trustees those matter5 we ate tequsred to Stale to trem in w atyjitofs fewjrt for no otrw purrthe. To the fvllest exlent pemlitt by law. we (lo rt aci¥ 01 a5SUFRe reSps"1rtY to anyorE other than the chanty and the charrtys ttUSt&s as a tyjyy, forour ayrtOrk, for thi8 rerKJrt or ftjrthè oKMnwMs ha for1T.
ST MARYLEBONE ALMSHOUSES INDEPENDENT AUDITOR'S REPORT {COPfflNUEDI TO THE TRUSTEES OF ST MARYLEBONE ALMSHOUSES i+_kna 4- T8ylorA 15 iknw2024 Chartered Accountants Statutory Auditor 1st Flc)r GaIry Court 28ArraYwAvenue h13 2FG Tayl Assoaates is e1vJ1e for arwxntrftent as 3jrtoT of by of 115 ebytility fr)T Arynintrnoftt as auditor of a CLvnpany urth se(lirm 1212 of the erMnpan*sAd 2(.
ST MARYLEBONE ALMSHOUSES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPÈNDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 T*)tal fund6 fund8 fun 2023 2022 2022 ntomÈ from: Charitable a¢bvths Instments I,148 186.148 57.031 121,321 11.659 121,321 15,845 21.131 4,186 Total ineome 21.131 243.179 132.980 4,1 137,166 Exp8nditurn on: chaiitab actsvibes 191. 191.2 197. 197,864 Totsl expenditiwe 191, 191.2 197,864 197,864 Not IncomdlexpendllE> J,752 21.131 {64.&84} 4,186 180.6981 Other r8cogni5ed gain¥ and 10g9¢8: Net profft on Investments Funds transferred from unincorporated dtty {5.147) 17W 171.442) {12.B691 184.3111 3,068.036 39.917 38().132 3.446,168 139,5171 Net movement In funds 1.105 15. 69.089 iW,&57 331.502 3,301.159 Roconciliation of funds: Fund balanS at 1 January 2023 2..657 331.502 3.301.159 Fund balanc88 at 31 D8rnber 2023 2.7ff2 347.4&8 3,370248 2.969.657 1.502 3.301.1Sg derive frc4n continuir#J 8thrit.
ST MARYLEBONE ALAISHOUSES BALANCE SHEET AS AT31 DECEAIBER 2023 2022 Fixed assets Tangible assets Investmgnts 11 12 1.801.664 1.297.538 1,709.649 1,236.301 3.0yy,22 2,945,950 Curypnt assets Debtors Cash at batth 3rKI ill harKI 13 5.123 473.4 297.046 299,OX) 478.K Credttors: amounts faylng due ¥Athkn one year 14 {28,} 1123,3941 fr4et crnt assets 271.048 355,209 Totsl ¥ets less ¢urreTrt Ilabllltles 3.370.248 3.301,159 The fund6 oftho drity UntCte[l fuEKls-gerwal 1$ 3.U22.762 347.486 2,969,657 331.502 3.370,248 3,301.159 A Ghosh Trvstse A Satlgt Trnst•è
ST MARYLEBONE ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2023 Charlty Inf(#Thallon 1.1 Aecountlng Conventlon ChantEs Act 2011. FRS 102 Tr FITransy ReFxknJ St3rKJ3rd the UK Republic of Ireland. I'FRS 102.1 and the charit SORP "A0n.ry ar Repo by Charrfjes.. Statement of Recommended Practi applicable to tharrt preparing ttw att¢xJnls in th8 Finanaal Rewrting Stsnd8rd applicable In the UK Repu of ITd¥KI (FRS 102r leltpdi¥E l January 20191. Th8 thar¥ty is a Public Benefit Entity a5 defin&Y ty FRS 102. The 0rrtY has tsken ayvantage of t priMs)rts in SORP chantss not to prepa a StsteTHeNt of Cash Flows. The finanry4 strtents ha¥e depart•l frryn the Charilies (ArUts Rwrylsl RUlationS 2fX18 only to the extent rure to txovKle a true aTMI fair vw. TrNs departu has invts1 [0HDVA the Stat8tnent of Recommended practi for thaiilies appng FRS 102 Tather than version of the Statement ol R8commeTrYed Pr3ca¥c8 wh¥th is referred lo RegulaIMS txrtvknith ha5 Sin been wrthdrawn. amounts in ts9e finaroal $t8tements ue to the rue5t £ valuel. The prinapal a(xx)LFnbng alopte(l are sel t¥Jt bel(w4. 1.2 Golng concem At the tyme of approwrg Ihe staleFll. the 8 reasonable expecation I he Charty 1.3 Charitable f41ndB 1A Incorne All inoNn re9)Uf¢XS we iirJ in ts slateM of Athib"es l&)FAI wlw ts Charity is ally enbtted to the inccrfne after any [ErforMan (xjndtbons have tEen met, the amount ian be measured and otiw incorne ale i[KlU( in in 7hK* tW are whith rs Ihe Charity 1.5 ExpÈndtiUYÈ committing the Charty to the expeF¥JituTE. Al eXKWMJitU s a¢cwntoJ ft)r on an ar£ruals b88i% and has been Classrf undpT hthjings IhÈt a99regate all (yjsts rela tr) catÈ9(Xy. the suri)cKt arttj Of rÈs 10-
ST MARYLEBONE ALMSHOUSES NOTES TO THE FINANCIAL sTATEME1s (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Icontlnuedl 1.6 Tangibk red a88•ts Tangible fixed assets a inthlty measurwj at ¢xtst m98S at C$t or vabJion, of depreciation and any inpairnent1055es. Depreation is reownised so as to lie off ts ctht vaW•J) of &5ets 185s Ihwr values over Iheii uselul lives on the foJluiryJ bases.. Buildings 1% stratht ITh 6.7% strwght line FumittJr¥ arKI equiwnwrt The gain or loss aitsirKJ cffl thsFK6al ofan assét is (lerrnirl85 the [ffer beteen the sab pr(1$ 1.7 Improvements to Pyon05 The Charty exFeTrlibJre on housing pryerbes vthkth akL% to iIE ¥a5LE ol tt prwrty or extends its usefvl life. Iml¥eme[ to propty that tre to ass ttrot have a sepa¥3Ldy lentsfiable life to the property concxned are rtaI1 trt under a calegw sepafate from lh8 pr¢)pÈrty. Pr(4)erty aTHJ laThg wa valued at £ f,785.OCK) on 31 Decl 2015 and the trJildirJ is betry depreoated over 11h) years. 1.8 lrnpairnent of fixed assets At each repor end date. the re¥? carryry of 115 tangibk assets to detemiine whether the ks any 1ndKalIL that Iltse assets suffered an impairment loss. If any suth indieAtion exsts, Ihe ¥E¢J)verSb amounl of the asset i8 estund in ortsr tri (rtnKne Ihe exlent of the impairment loss lrfany). 1.9 Cash and cash equi¥aknts Cash and (ash &]UIva Inc[je cash in ha1. rk¥Ktsib hekl at Ixll wth banks. other short-tenn liquid inv8strnents with original In8rI(P$ of the mcth (ff less. aThJ bank 01rfrts. Bank overdrafts are shown 1.10 Financlal instruments The chatty ha5 detaed Ir) pro)5 of seli 11 kn Finanoa Insbikiwts, and Section 12 'OtrÈf FinancAI Irksiifftnts ISS$. of FRS 102 ID of ils instTrtrments. Finan¢i¥ irstrunEnts are rwn6ets in brts sh88t when the rtsnty be pany to thè Finanaal assets at¥J k"abilthe5 8re off5e( th the net arnouFtts pres*d in the finarwl 5tatetnents. when there a kgally enforix8trAe right to set off th8 recA)3ni8ed amwnts and is an intention to settje on a net basss orto alL assel arKI selllE the Smutta¥ty. B•sie Iln•n¢W •ss¢ts Basic fjnanual assets. wh ¢ncJLh aThJ cash atvj ba balw. u)it5'aity measuréd at interest method unless the arraw o)nstitits a financts tr3nsaLton. vthere the transaction is rneasured al the present Val of fJjbj receipts discounted at a market rate of interest Finanaal assets dass*fie(l as r3tO vitihin year not amorits4d. 11
ST MARYLEBONE ALMSHOUSES NOTES TO THE FINANCIAL STATEMEKrs (coKnNUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Ac¢ountiNJ pokcie5 {Continu8d) Bask flnaftclal liabfflitses Basic financial habi1th5, indud1 tX8ditor5 8j t)a foans wubally rwnised at transacbon Wil unles8 value of the futUTe pay¥nent8 di8wJnted at a mawket r of Inte$t Ftn•Kial liabfiths das5ffied as payab within one year are not amorlised. Trade ¢redttots obi¥Jation5 to pay for or set¥iTrs that have been the otdinary course of Operab"0 from suppl[S. Amounts payabk a(e dasstfiJ as (xjrrwrt I1.1$be$ rf payment is duè wthin one year or kss. If noL they are presented as nOr(jenI EN.1¥eS. Trade I110r5 are recognised In.811Y at transa("on price and subseqlty measured at amti$ed <xisl usiro the effecb.ve interèst m6lh(xS. 1.11 Employee Iw In the applicabon ¢h¥rrtyb InBlees are lre to makè Jents. estimates The estmates and urxleffvJ asswnpths are re rm an (ThJ(Nro bass Re¥105 to accounting estimates are rJn the in wlKh tre eslim ig where revision affects only that ri(xls. Unre6tslcted Unrestricted fund5 2022 2023 183.3 113.211 8,110 Sundry inc(me 186.148 121.321 12-
ST MARYLEBONE ALMSHOUSES NOTES TO THE FINANCIAL STATEMEKfs (COKnNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tot41 fvnds Gener41 Deslgnated 2023 2022 2022 2022 Inrome from listed investhments 11.959 9.1n 47.859 9,172 11.¢M5 614 4.186 15.231 e14 21.131 57.031 11.859 4.1 15.845 General 2022 2023 DlYe¢t¢osts Stsff costs Depreuation aThJ inpaim pniSeS cx6ts Lighl and heal Telephoné Repairs and rn8inten Gardening ClÉaniT¥J and LqurKty R8sKlents1[are Bank tharges Miscellaneous InsuFanc£ Legal and profess Computer and sOare costs Audit Relief manager Subscripti 26.028 17.932 23,809 1.0 28.484 2,547 28.596 11,588 5.191 56.229 7.416 1.805 S51 1.325 4.Ck%9 5,503 339 12.3981 1.f20 2.021 12,414 153.160 161.804 Shar• ofsupport and gov•rnane• eosts PayTnerts to derk 38,136 36.060 191.296 197.8fj4 An•tytsi& by fvnd 191.296 197,864 13-
ST MARYLEBONE ALMSHOUSES NOTES TO THE FINANCIAL STATEAIENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 2022 Thé nat mownent rn fvrMt5 is st8W after (tsy[¢Id1.g): 23,609 None of the trustees lor arty PeTrr nnec with Iheml rec any remuneI10n or beneffts from the Charity during tt¢ year. Employ••s 2023 Number 2022 Nurnbor Employrnant cwls 2023 2022 Wdges at¥J 5ala¥ 26.028 17,932 Toial Unrnstrlcted UnrnstrS¢ted fvnds General l)esignated 2022 2022 Total 2022 GaTrnsl{hxs8sI on: Revalu"on of investments Loss on s of inve5tsnents 15.147) 24.839 ie4,823) {12,869) 177.6921 {6,619) {6.6191 15.14n 17.X (71,4421 112,869} 184,311} 10 Taxatlon The charity is exeryjt frcrfn tsxatsc its tewe all ib irKr#ne is aA)Ited ft)r(tsrrbbb purposes. 14-
ST MARYLEBONE ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 11 Tangibk fixed a55•ts Totsl At 1 January 2023 Addthns 3).512 1.795,Ixx) 124.378 129,1 2,245.473 124.378 At 31 Dmber2023 454.81 1.7&5.IXKI 129.%1 2,369.851 Oeprecialion ar¥1 impaimTrl Al 1 January 2023 151.481 22.145 255.150 129.203 758 535,834 32.353 Depre<i8tion charg&J in year At 31 Dei%ntrw2023 173.626 264.fQ) 129,1 568,187 Carrylng amount At 31 Décèmbèi 2023 281264 1.520.4fMI 1,B01.664 At 31 [cntEr222 1.529,85) 179,041 758 1.709,649 iebuikl vakje kva5 asses1 al £5.180,1W vah at £5,695,347. 12 Flxed asset itw¢theDts Listed inveslments Cost or valuation At 1 January 2023 Additions Valuabon charvJes Disposal at rtst 1,236,301 97,500 24,839 {61.1021 At 31 DeclE[ 2023 1,297,538 Caryying arnourt At 31 December 223 1.297,538 At 31 De¢2¥rthr2022 1.236.301 15-
ST MARYLEBONE ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 2023 2022 Amounts fallin9 due 7Afjthin one year. Rent arrears 1,1( 4,017 5,123 14 CY*ditors: amounts fakn4 TA111 one year 2023 2022 1,117 8,117 79.336 10,959 31,982 Tr8d8 Cteditots Rent recetved tn advarr 14,491 9.514 123,394 16-
C7 rnc J (* 3 aih)
ST MARYLEBONE ALMSHOUSES NOTES TO THE FINANCIAL sTATEMEPs {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 16 Anaty8i8 of net assets beh*en utricted funds 2023 At 31 0ecwmbeY 2023: Tanoible a3sets InvestmeE Net tsjrt assets 1.801.664 1.297,538 271.046 3.370.248 17 Capital conmnrlments lot818mwnt lor but Th)tprovI tn fin8noal SentS was nil121Y22. £167,524). Thefe no disclctsable E8j paty transaLtions year12022. r)re). 18-